Ratu Prabu Aims Rp 551 Billion Revenue in 2013, Up 25%

PT Ratu Prabu Energy Tbk (ARTI) is optimistic handful net income of Rp 551.85 billion at the end of 2013. Revenues, up 25% from the previous period amounting to Rp 449.48 billion.

Director of Ratu Prabu Energy, Gemilang Zaharin explained from the increase in net income of Rp 112.37 billion in 2013, the majority of revenue is contributed from the oil and gas business.

“This year, the oil and gas sector is projected to be the main revenue contributor ARTI is about Rp 478.58 billion, up 25% than in 2012. Meanwhile, income property sector is expected to contribute Rp 75.8 billion,” Bright said after the AGM at the Queen King Ratu Prabu Energy in Building I, Jalan TB Simatupang, South Jakarta, Wednesday (24/04/2013).

Coded ARTI will also go into the oil and gas services business in Myanmar and Brunei Darussalam. In property, ARTI ready to develop the concept of apartments, hotels and offices in around TB Simatupang, South Jakarta.

In 2012, ARTI earn net income of Rp 449.48 billion, up from the previous period which amounted to Rp 309.74 billion. While net income, a significant increase from Rp 11.76 billion in 2011 to Rp 51.85 billion last year.

Market turnover Toyman Gembrong rose 30 percent during Lebaran

People who thronged Gembrong Toy Market, Jatinegara, East Jakarta bring sustenance to the merchant. Some vendors claim their turnover rise during Lebaran.

Herry (48), Kawan Lama toy shop owner, said turnover during Eid can be increased by 30 percent when compared to normal days.

“When Eid is a lot of people are looking for a toy for his son. Because right now Lebaran many children who received red packets of money,” he said.

Herry said the most sought after toys this time is a car racing car tamiya and “remote control”. Price range 10,000 Tamiya racing car to Rp 40,000, while the car “remote control range from 50 thousand up to Rp400.000.

Moreover, tamiya accessories like a “track” for the race also much sought after. While most toys sold in the market Gembrong is imported from China, Herry said “track” tamiya he was selling a local product.

“Scooters and scooters otopet genjot too much demand. Otopet Scooter prices range from 150,000 to 250,000, while the scooter genjot ranged up to Rp700.000 Rp600.000,” he said.

When Herrera expects an increase in turnover on Eid this time, Toto (40), owner of the store actually pessimistic doll Dolls Vareency can reap many benefits.

“Lebaran this year is not like last year. Though I have prepared a lot of stock because they thought this year would be the same as last year,” he said.

Toto estimates that turnover will he be on Eid this year will only be the same as Sunday on weekdays only.

Toto said Hello Kitty dolls and stuffed Minion is currently the most popular and most sought after.

PLN: Net Profit Up 15 833 Percent

Company Limited reported a net profit of PLN in the first half of 2013 amounted to 15 833 percent compared to the same period of 2012.
Head of Commercial Division PLN Benny Marbun in Jakarta on Thursday, said the first half of 2013, net income reached Rp 4, 78 trillion, a significant increase of Rp 4, 75 trillion over the same period of 2012 which only 30 billion.
“The increase in net income was mainly due to tremendous rise in foreign exchange earnings which are noncash Rp 7, 6 trillion,” he said.
In the first half of 2012, the electricity SOEs suffered losses at Rp 6, 7 trillion, while the first half 2013 profit rate RP0, 9 trillion in order to obtain foreign exchange gain of Rp 7, 6 trillion.
Though, Benny continued, on the other hand an increase in interest expense and finance Rp2, 3 billion and increase the tax burden Rp1, 6 trillion.
According to him, the increase in foreign exchange gain of Rp 7, 6 trillion, mainly due to the appreciation of the rupiah against the yen by 10.4 percent even though at the same time the rupiah depreciated 2.7 percent against the U.S. dollar.
In the first half of 2012, the rupiah depreciated against both the yen and the U.S. dollar, respectively 2.4 percent and 4.5 percent.
“PLN pretty much liability in that decline yen yen positive impact on net income,” he said.
Benny also said that the first half of 2013 operating revenues rose 4.8 percent to Rp116, 7 billion when compared to the first half of 2012 amounted to Rp111, 4 trillion.
The increase in revenue, primarily from an increase in sales volume due to the addition of electric power customers and increase rates on a quarterly basis starting in January 2013 account.
Meanwhile, the operating expenses recorded Rp98, 3 trillion, up 3.6 percent compared to 2012 Rp94, 9 trillion.
“The increase in operating expenses among others, due to increased consumption of fuel and lubricants due to increased electricity sales and rising fuel prices,” he said.
Thus, he continued, first half 2013 operating income rose R1, 9 billion or 11.5 percent of Rp16, 5 trillion to Rp18, 4 trillion.
To EBITDA increased 10.1 percent to Rp30, 4 trillion from Rp27, 6 trillion.
The amount of non-current assets increased 2.6 percent to Rp484, 6 trillion on June 30, 2013 from Rp472, 1 trillion on December 31, 2012.
Current assets rose 0.9 percent to Rp69, 2 trillion on June 30, 2013 from Rp68, 6 trillion at December 31, 2012.
“The total number of the company’s assets at the end of Semester 1 in 2013 amounted to Rp553, 8 billion or increased by Rp13, 1 trillion from Rp540, 7 billion at December 31, 2012,” said Benny.

BlackBerry Sales Sluggish, Profit Drops 39% Erajaya

Erajaya Swasembada Tbk PT (ERAA) recorded a 38.9% decline in net income to Rp 129.8 billion in the first half of 2013 compared to the same period last year of Rp 212.4 billion. Profit fell because of sluggish sales of the BlackBerry which started early this year.

BlackBerry sales that have accounted for the largest portion of revenue to the company must be reduced. Consequently, total turnover alias Erajaya participate eroded revenue.

The Company recorded net sales decreased by 6.7% to Rp 5.976 trillion in the first half of 2013 compared to net sales in the same period of the previous year of Rp 6.406 trillion.

The company’s operating profit also fell by 30% to Rp 214.6 billion compared with the same period of the previous year which reached Rp 306.7 billion.

Director of Marketing and Communications Erajaya Djatmiko Ward said the decline in sales due to the new rules of import of mobile phones causing the import process becomes longer. As a result, the supply for uninterrupted sales.

“Two weeks things could not get in, the automatic result of stock and sales hampered,” said Djatmiko exposure time performance, at the Capital Residence Sudirman, Jakarta, Wednesday (31/07/2013).

In addition, he said, the decline in sales was also due to the floods that hit Jakarta in January that led to the loss of sales for 10-14 days. Start fading prestige BlackBerry brand in the Indonesian market since the beginning of the year also led to the sales down.

“Because of this flood hampered our distribution channels,” he said.

He said the decline in sales was also followed by lower sales volume for mobile phones to 4.9 million in the first half of 2013 from 5.2 million in the same period the previous year. Mobile phones and tablets recorded the most substantial contribution accounted for 88.1% of net sales to Rp 5.267 trillion in the first semester of 2013 from Rp 5.996 trillion in the same period the previous year.

Meanwhile, the average selling price for all mobile phone brands also fell to 1,070,578 in the first half of 2013 from 1,144,218 in the same period the previous year.

Semester I, BRI Profit Reached Rp 10 Trillion

PT Bank Rakyat Indonesia (Persero) Tbk, recorded a net profit of Rp 10 012 trillion in the first half of this year. »This positive growth trend,” said Director of Business SME Bank BRI Djarot Kusumayakti in exposure in the financial performance of Bank BRI headquarters in Jakarta, Tuesday, July 30, 2013.
When compared with the same period last year, profit rose 16.3 percent this year. In the first half of 2012, BRI Bank recorded a profit of Rp 8.61 trillion.
The increase in profit was supported by 26.4 per cent credit growth and fee-based income growth of 22.6 percent. BRI’s micro credit growth year on year in this period reached Rp 122.08 trillion, an increase of RP 25.49 trillion from the same period last year.
»We managed to maintain credit quality, as reflected by the level of micro-credit NPL of 0.46 percent,” he said. The micro credit growth followed by growth in the number of micro borrowers who reach 5.9 million people.
Meanwhile, in terms of funding, the growth of third-party funding (TPF) BRI also rose. As of the end of June 2013 BRI total third party funds reached Rp 439 trillion, up 18.3 percent year on year. DPK acquisition BRI dominated by retail store, »This is evident from the number of savings accounts until the end of June 2013 reached about 37 million accounts,” said Djarot.
The fee-based income increased by 22.6 percent of BRI, with the highest growth of e-banking transactions grew by 72.2 percent year on year. E-banking users BRI products, such as ATM, SMS Banking and Internet Banking showed an increasing trend.
For ATM, Djarot explained, users reached 18 in the first half of this period. While users of SMS Banking in the same period reached 4.28 million people, and internet banking users reached 640 thousand customers.
The increase in fee-based income is inseparable from the development of IT infrastructure and e-banking features along with the expansion of e-channels and outlets. In addition to e-banking transactions, he explained, the growth of fee-based income derived from fee BRI also obtained from trade finance, which in the same period grew by 70.7 percent.
Previously, PT Bank Central Asia Tbk (BBCA) announced a net profit after tax in the first half 2013 consolidated valued at Rp 6.3 trillion. This acquisition supported by growth in net interest income and other operating income increased 22.5 percent in the same period in the previous year.

Commodity price doldrums, Uno Uno Corporate Profit Drops 65%

Saratoga Investama Tbk PT Federal International (SRTG) made a profit of Rp 188.34 billion in the first half of 2013, down 65% when compared to the same period last year of Rp 539.61 billion. The fall in profits due to weak performance in the subsidiary coal and palm oil sector.

“Weakness in the coal and palm oil sector makes to the weakening performance,” said President Director of Saratoga Uno Uno S in Jakarta, Thursday (08/01/2013).

The Company recorded revenue of Rp 1.165 trillion in the first six months of this year, revenue rose compared to the previous year in the same period to Rp 1.138 trillion.

Load reduced income from Rp 1,063 to Rp 1,038 trillion trillion at the end of June 2013. So the gross profit and operating profit growth is still positive.

The company’s net profit could decline due to other expenses are quite high, especially because of the performance of subsidiaries in the coal sector and palm oil weakened.

Saratoga continued to invest in three key sectors to drive economic growth in Indonesia with a long-term outlook is very positive.

“By providing long-term benefits, Saratoga will continue to contribute to Indonesia and the wider community,” Uno added.

One of the company’s subsidiary in the consumer sector, PT Mustika Pinasthika Mitra Tbk (MPMX), earned revenues of Rp 6.78 trillion, contributed by higher sales of motorcycles in East Java and East Nusa Tenggara.

Sales volume increased by 26% to 447,578 units in the first half of 2013 compared to 355,758 units in the same period a year earlier. It is also supported by MPM automotive rental business, which rose 74%, from 6,995 units in the first half of 2012 to 12,104 units in the first half of 2013.

While the sector PT Tower Bersama Infrastructure Tbk (TBIG) won pendapatam surge by 96% This is caused by the growth of a significant tenant of organic growth and through acquisitions, from 8,584 tenants as of June 2012 to 15 277 tenants in June 2013.

In line with the increase in revenues, gross profit TBIG also been increased by 98% in the first half of 2013.

Saratoga Investment in PT Lintas Marga Sedaya managing highway projects Cikampek-palimanan goes according to schedule. Overall construction was started in January 2013.

The entire land has been acquired, the work permit has been issued by the authorities and senior debt facility is executed as well as drawdown begins in line with the project an important milestone.

While the natural resources sector, global sentiment towards commodities affect the performance of associated companies (investee companies) engaged in integrated coal sector, mining and palm oil.

Such as PT Adaro Energy Tbk (ADRO), Provident Agro, and PT Agro Maju Raya (Amara) which was corrected earnings

Expand in Insurance and Banking

Entering the second half of 2013, the company plans to enter into the insurance and banking sectors. This sector, said Uno, still very attractive in Indonesia.

“We are open to look at opportunities in the banking sector. Banks in Indonesia are very good, the growth of the industry is still good,” he said.

The Company is developing in the direction of the two sectors of the industry. How, can by buying an existing company or create new company from scratch.

“The business model we are usually targeting existing enterprises and capital needs. But it could also open opportunities from zero,” he said.

Manufacturers Profits Rise 20 Percent Beer

PT Multi Bintang Indonesia posted a 20.07 percent rise in net profit or Rp 690.35 billion in the first semester of 2013. The increase in profit was seconded beer sales in the domestic market.
In a disclosure, Tuesday, July 30, 2013, local sales Multi Bintang Rp 2.08 trillion or 99 percent of the value of the company’s total sales. Beer sales revenue accounted for 88.8 percent or Rp 1.54 trillion. The rest is supported by the sale of non-beer beverages.
According to the President Director of PT Multi Bintang Indonesia, Chin Kean Huat, there are two major customers that a sales increase of more than 10 percent. Both are Indonesia’s PT Gitaswara sales accounted for 14 percent and PT Bintang Bali Indah by 11.8 percent.
For gross profit, Multi Star posted an increase of 26.8 percent or Rp 1.34 trillion. Multi Bintang business profit reached Rp 926 billion, up 22 percent from the same period in 2012.
Multi Bintang Indonesia is a subsidiary of Asia Pacific Breweries Limited (APB), one of the major players in the international beer industry. Through the mill in Sampang Agung, Mojokerto, East Java, and Tangerang, Banten, Multi Bintang producing famous drinks, such as Bir Bintang, Heineken, Guinness, Bintang Zero, and Green Sands.

Eid, Tiki Agent Turnover soared up to 20%

Coming to Lebaran, increased shipping activity. One agent Tiki, Gilang, said if the outlets has increased to 20 percent when the business through delivery of services during the month of fasting than normal month.

In usual, Tiki’s agent is able to achieve a turnover of Rp 25 million per month. This turnover will also increase to 20 percent during the fasting month this year.

“The increase 20 percent during the fasting month this year, compared to normal operation before the fasting month,” said Gilang the Okezone in Jakarta.

Howling explained, during the fasting month, rising delivery to shipping documents and that in fact cakes as souvenirs. Meanwhile, shipments to overseas destination.

However, Gilang said, by the time the week before Hari Raya Idul Fitri, delivery of goods will be more towards the area of Sumatra Island.

“Shipping now (month of fasting) most similar documents souvenirs, the most distant delivery Papua, if abroad Singapore, but if most of the week before Eid to Sumatra, Medan,” he said.

2016 Toyota Engine Plant will Operate

In order to enhance its production, Toyota Motor Corporation (TMC) of Japan through its subsidiary PT Toyota Motor Manufacturing Indonesia (TMMIN) announced it will begin production of engines for vehicles other than * IMV (Innovative International Multi-Purpose Vehicle) series in a new plant that will operate at half early 2016.
Location of a new plant adjacent to the factory in Karawang TMMIN existing. Previously, Toyota has announced the purchase of 150 hectares of land to be used for the construction of a new engine plant in November of 2012.
Plant with a production capacity of 216,000 units this year with an investment of 2.3 trillion rupiah, or about 23 billion yen. TMMIN also plans to increase the workforce by 400 people in line with the production activities at the plant. More than 50 percent of the production will be exported to the global market, Toyota released Friday (26/07).
Construction of this plant in order for the development of Indonesia’s automotive industry. In addition, Toyota also always developing products that exceed customer expectations in line with the spirit to contribute significantly in the development of Indonesia’s automotive industry.
For now TMMIN engine producing around 195,000 units per year for vehicle type 1 IMV in Sunter, North Jakarta factory to meet the needs of the domestic market and also exports to several countries in the ASEAN region, Latin America and Africa. Combination existing engine plant and a new engine plant will make TMMIN as one of the production bases and supply are very important for Toyota globally.

Earn Income AXA Mandiri Rp 1 Trillion in 2012, Up 20%

PT AXA Mandiri Financial Services (AXA Mandiri) net profit in 2012 reached Rp 1 trillion, an increase of 20% compared to net income in 2011.

In addition, the company recorded total premiums amounted to Rp 5.67 trillion during 2012, an increase of 17% compared to premium income in the same period in 2011.

In 2012, AXA Mandiri has recorded an increase in funds under management by 30% from the previous year to Rp 13.8 trillion. The increase in total assets triggered AXA Mandiri increase by 24% with the acquisition of 2012 reached Rp 14.3 trillion

AXA Mandiri President Director Jon Sandham in the exposure of the company’s performance in Jakarta today explains, AXA Mandiri profit growth is influenced by the level of customer persistency which further premium payments increased 59% over the previous year.

In addition to the investment performance recorded significant growth with the growth of investment was 64% compared to the previous year.

“AXA Mandiri’s performance during 2012 has shown significant positive growth and of course this is thanks to the solid cooperation between the two shareholders, namely Bank Mandiri as the largest bank in Indonesia with a wide network and a global AXA experienced in managing life insurance,” says Jon in a written statement on Tuesday (4/30/2013)

Growth in net income and assets further strengthens the company’s financial health conditions AXA Mandiri, visible from the capital adequacy ratio has considered aspects of risk (risk based capital / RBC) which reached 368% for the conventional portfolio and achieve 81% to fund tabarru ‘of sharia portfolio.

These figures far exceed the minimum requirements required by the regulator that is 120% for the conventional portfolio and 15% for the portfolio of Shariah. Even compliance adequacy ratio of 30% for new Shariah portfolio required at the end of 2014.

“The figure shows that AXA Mandiri is able to provide protection and client obligations on the requirements set by the regulators,” said Chief Financial Officer of AXA Mandiri Iwan Pasila.

Business growth throughout 2012, the company claims to be the market leader in Indonesia bancassurance. AAJI report on the third quarter of 2012 showed AXA Mandiri is located at the top of the bancassurance market share of 34.1% by Weight New Business Premium.

AXA Mandiri will continue to enhance the company’s growth and its commitment to utilize its financial strength in order to improve service to customers and support sales reps.

“This includes providing services proactively reach customers as services that directly serve the customer makes a claim on health care for example through our Care Corner in RSPP,” said Jon.